According to most real estate commentators the Spanish resale and new build market will continue to grow subject to no major political or financial surprises. The combination of a resurgence in both tourism and foreign investment ( particularly on the coast ) supports a ´thumbs up´ for the property sector in general.

Demand rose 11.6% in the third quarter of 2017. Interestingly the months of August September and October 2017 saw the number of new build sales exceeding resales. According to the National Institute of Statistics new build applications across Spain were up by nearly 27% for the first 9 months. Likewise, applications to refurb and extend were up 3% and 11% respectively. Year 2017 to October the Costa del Sol registered a 14% increase versus the same period prior year. The only area posting a decrease was Almeria at - 8%.

I am delighted to be able to say that 2015 was the best year in the 16 years that the business has been trading here in this beautiful location of Nerja. Growth came from both holiday rentals and property sales, almost in equal parts, which is a first since 2008. Most of us are determined to take a holiday irrespective of conditions back home and this is reflected in the performance of our holiday rental business which continues to go from strength to strength.

According to Government figures from the Ministerio de Fomento there have been almost 100% more resale properties (as opposed to new build) signed in Nerja for the period January to September 2015 versus the same period in 2012 – 464 sales versus 235 sales. Compared to 2014 for the same period sales have increased by 42%. There is no doubt that the region’s property market is on the move.